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Ann Taylor Moving to Times Square

Retailer Leases 300,000 SF on 12 floors for Headquarters
August 5, 2004
Ann Taylor Stores Corp. finalized a long-expected lease for approximately 300,000 square feet in Boston Properties' Times Square Tower for its corporate headquarters. The popular women's apparel retailer will occupy the fourth through the 15th floors of the 47-story, 1.2 million-square-foot office building at 7 Times Square, between Broadway and Seventh Avenue.

The building, which was originally intended to house the New York office of accounting firm Arthur Andersen before the auditor became entangled in the Enron financial scandal and cancelled its lease in 2002, was completed earlier this year.

Ann Taylor will relocate from 142 W. 57th St. and expects to move into its new space next spring, joining such other tenants as O’Melveny & Myers, Heller Ehrman White & McAuliff, Manatt Phelps & Phillips, Clarendon National Insurance, Pitney Hardin Kipp & Szuch, Condon & Forsyth, and a number of smaller firms. The lease commitment brings the building to just under 75% leased.

Ann Taylor was represented in this transaction by David Goldstein, Mitchell Steir and Matthew Barlow of Studley. John Powers, Peter Turchin and Tim Gibson of CB Richard Ellis represented Boston Properties.

Noted architect David M. Childs of Skidmore, Owings and Merrill designed Times Square Tower. It is the second project of Boston Properties in Times Square.
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